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DERI

No. 1263
Deri Protocol
AMM
DeFi
Arbitrum
Derivatives
DERI Price Today
0.007961
USD
-10.24%
Lower Price
0.007803
Upper Price
0.009008
24H Value(USD)
12.65K
Total Market Cap(USD)
3.65M
Circulating Market Cap (USD)
993.42K
Total Circulation
124.69M
27.15%
Total Supply
459.23M

Price

DERI Price Change
24H
-10.24%
7 days
-51.82%
30 days
-74.26%
90 days
-28.76%
180 days
-64.11%
365 days
-59.46%
All
-98.54%

Markets

Exchange
Market
Price
24H Change
30D Change
24H Volume
24H Value
--
--
-74.27%
-- DERI
-- USDT

Introduction

Feed

1. Project introduction

Deri Protocol is designed with all the defining features of DeFi and financial derivatives in its nature:

(1) Real DeFi: Deri Protocol is a group of smart contracts deployed on the Ethereum blockchain, where the exchange of risk exposures takes place completely on-chain.

(2) Real derivative: The Profit and Loss of the users’positions are calculated with mark price updated by oracle, which ensures precision; positions are maintained by a margin, which provides built-in leverage.

(3) Composability: Positions are tokenized as non-fungible tokens (NFT), which can be held, transferred or imported into any other DeFi projects for their own financial purposes (as blocks in their own“lego game”).

(4) Openness: anybody can launch a pool with any base token (but usually with a stablecoin, e.g. USDT or DAI). That is, the protocol does not enforce any specific “in-house chip”.

(5) Simplicity: Deri protocol adopts an extremely simple trading process.

(6) Intercompatibility: $Deri Token is intercompatible and supports three different Blockchains through its unique Cross-Chain Deri Bridge. (Ethereum, Binance Smart Chain, and Huobi Eco Chain).

2. Team introduction

Co-founder&CEO: 0xAlpha

Twitter: https://twitter.com/0x_alpha

3. Investment institution

AKG Ventures, Kryptos Research, CryptoDormFund

4. Application

Total supply: 400,000,000

DERI is the governance token, and protocol revenue also can feed DERI token through buyback & burn mechanism.

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